# PPP loan: BEST AUTO OUTLET INC
> **$287K** approved 04/10/2020 · Paid in Full · Loan `2005307108`
## Borrower
- **Name:** BEST AUTO OUTLET INC
- **Address:** 239-50 Jericho Tpke 0.0, Floral Park, NY, 11001-3815
- **NAICS:** 441120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $287K
- **Initial approval:** $287K
- **Forgiven:** $291K (101%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $221K
- **Rent:** $32K
- **Utilities:** $10K
- **Health care:** $9K
- **Debt interest:** $16K
- **Jobs reported:** 15
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*